It’s not just the global economic crisis that is weighing on Genpact Chief Executive Pramod Bhasin’s mind, but also several home-grown concerns.

Nothing works in India, Bhasin said, and rattled off a list of public utilities from water and power to security and transportation.

“Indian entrepreneurs are dragging us into the 21st century and our public services are dragging us back into the 18th century,” he said at the Reuters India Investment Summit. To listen to the comment, click here.

Bhasin wasn’t very appreciative of the Indian youth either.

A lot of young people today want to be capitalist when the returns are good and turn immediately socialist when their jobs are threatened, the head of India’s largest business process outsourcing firm said. To hear the comment, click here.

Wonder what he has to say about companies who are capitalist when the going is good but turn socialist when it comes to bailouts.

Bhasin was one of the featured guests during the summit, held in Delhi, Mumbai and Bangalore, India.